Canada expands 0.2% in April

Canada expands 0.2% in April

The Canadian economy expanded 0.2 percent in the month of April, moving in line with median expectations, easing from 0.5 percent growth in March.

Canada reported the strongest first-quarter growth figures among the G7 economies, with a rampant expansion pace of 0.9 percent.

However, the weak start of the second quarter may point to a slowdown in the three months through June.

The Canadian dollar, the loonie, the best performer among G-10 nation currencies in June, resumed its advance for a sixth straight session versus its U.S. counterpart, trading at 1.2975, trailing gains in oil.

Ahmed Mamdouh

Ahmed Mamdouh, Co-Founder and Head of English Fundamental Analysis at FXComment.com, with 7 years of experience in the financial markets. Mamdouh holds a Master’s Degree in Economics from The American University in Cairo and a Bachelor Degree in Economics from The Faculty of Economics and Political Science, Cairo University.

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